CSP LED Market To Corner A Modest $1,744.8 Million Market Share

According MarketsandMarkets’ report "Chip Scale Package (CSP) LED Market by Application, Power Range, and Geography - Global Forecast to 2023", the chipscale package (CSP) market is estimated to be $757.7 million in 2018 and is likely to reach $1,744.8 million by 2023, at a CAGR of 18.2% between 2018 and 2023. The low-cost potential of CSP LEDs with a low bill of materials, is a major factor driving the growth of the CSP LED market. High competition in the packaged LED market has led to the development and launch of new and innovative CSP LEDs with improved designs and high-end specifications.

 

Highlights

Sponsored by Digi-Key

TE Connectivity Horticultural Lighting Solutions Available Now from Digi-Key

TE connector, relay and filter solutions can help create a fine maze network of power-cabling to the lights needed for vertical farming. Their solutions are interchangeable, easy-to-install, and will last for years in variable humidity environments.
  • General lighting and automotive segments to define the growth of CSP LED market in next five years.
  • High-power CSP LEDs to be the focus of CSP LED suppliers during the forecast period.
  • APAC to account for the highest demand for CSP LEDs in the next five years.
  • Major players in the market are Lumileds (The Netherlands), Samsung (South Korea), Seoul Semiconductor (South Korea), LG Innotek (South Korea), OSRAM (Germany), Nichia (Japan), EPISTAR (Taiwan), Cree (US), Genesis Photonics (Taiwan), and Lumens (South Korea). 

Need more data? Request a PDF of the report.

 

MarketsandMarkets Inc.

Northbrook, IL

888-600-6441

[email protected]

https://www.marketsandmarkets.com

Suggested Articles

According to a new study by Fact.MR, the MEMS sensor market will grow at a compound annual growth rate of 9% through 2027, reaching $50 billion.

RaayonNova founder and CEO Aleksandr Shtukater is developing advanced contact lens technology that can potentially replace smartphones and tablets.

Analyst firm Omdia reverses earlier upbeat projection for smartphone growth in China due to virus impact on supplies like displays